Is XTB a Scam?

Is XTB a Scam?

Operating since 2002, XTB is a broker that can certainly be viewed as reliable. When a company survives in an industry as demanding as this one for a decade and a half, you can be absolutely certain that the people running it know what they’re doing. Asking “Is XTB a scam?” seems pretty redundant because of that, but nevertheless, we still analyzed the company’s security system, just to be on the safe side. In the following paragraphs, you will be able to find out everything about how well protected you and your money are when trading with this company, and we got all our information from our own experience. Read on and see how a professional broker will protect you!

Is XTB a Scam? | Fully regulated

As all big brokers, this one is also present in many places with its offices. From their native UK all the way to Turkey, you can find them in more than a dozen different countries. As a consequence of this, the company is regulated by multiple regulatory bodies, a fact that should immediately tell you is XTB a scam or not. The bodies in question are the Financial Conduct Authority from the UK, Poland’s KNF, Germany’s BaFin and CMB in Turkey. Acquiring four different licenses is quite a feat and a very strong indicator that XTB is legit. Not too many other brokers can say they have this many licenses. As you can see, the company is regulated across Europe, even outside the European Union, so there really is no cause for concern. If you need more proof for that statement, however, just keep reading.

XTB Regulation

Is XTB a Scam? | Technical features

Obviously, we couldn’t end our tests there. There was more work to be done to show is XTB a scam or a reliable broker, so we headed on to check the trading platforms you can use here (more on them in our XTB Review 2017). They worked flawlessly and incredibly smooth and provided an excellent trading experience. After that, we also checked the money transfers and once again were delighted with how easy everything was. Both deposits and withdrawals were always on time and not a single cent was misplaced along the way, plus the money is kept in segregated accounts, of course. The support crew also did a splendid job helping us get around the website and advising us on how to trade, so we have nothing but praise for them, too. In short, everything functions in the best possible manner here.

XTB xStation 5

Is XTB a Scam? | Conclusion

XTB is a company with years of experience in the forex trading industry. They are regulated in multiple countries all over Europe and offer technically perfect features to all their traders. You will never have to worry about your money here, as the company treats every trader’s funds with utmost professionalism and care. The support team is also excellent, so whatever you need explaining they’ll do it in a flash. Is XTB a scam? Don’t be ridiculous! Open an account with them and you will be trading with one of the best brokers in the world!

Author's overall rating:

Author: Ben Prescott

Updated: March 3, 2019

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